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InfoWARE Analyst Daily Market Report (12-Sep-2024 15:07:47.807)
(Source: InfoWARE Terminal, Date: 12-Sep-2024)
Dear Investor,
InfoWARE Analyst Daily Market Report - 12-Sep-2024 15:07:47.805

The Nigerian equities market recorded another up day, as the NGX All-Share Index (NGXASI) closed the day up by 0.32%, to bring the Year-to-Date returns up 27.68%. The All Share Index closed at 97,025.17 against the previous close of 96,715.04, volume traded decreased by -34.90% from 599.26M to 390.11M, while market turnover (the total value of shares traded) decreased by -8.88% from NGN8.70B to NGN7.93B in 9,447.00 deals.
Market breadth (1.47x) signified Forty-four (44) advancers, as against Thirty (30) decliners. Volume was up for 71 companies and down for 89


Top ASI Gainers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
CAVERTON2.1032.7610.0032.7675.0077.6917.86
UPDC1.4824.629.4624.6226.5616.5529.60
ETRANZACT7.3018.529.5918.5242.8677.7832.23
RTBRISCOE3.0217.739.9317.733.75367.61444.26
BERGER20.5017.337.3217.3353.8546.6769.23
CUSTODIAN14.2014.520.0014.5226.2246.3957.78
MCNICHOLS1.5414.070.0014.07-0.6538.7467.39
FLOURMILL45.0511.359.9911.358.1911.3549.70
FBNH24.0010.0010.0010.0017.8614.7811.63
SFSREIT163.159.980.009.9820.9460.9060.98

Top ASI Losers Over Last 5 Trading Days

SymbolPrice%Chg5Dys%Chg1Dy%ChgWTD%ChgMTD%ChgQTD%ChgYTD
LEARNAFRCA3.36-12.357.74-12.35-14.629.7013.48
STANBICETF30491.40-11.55-10.00-11.55-19.59-35.44-35.06
SOVRENINS0.67-10.00-5.97-10.00-13.7028.5746.51
GREENWETF765.00-10.000.00-10.00-13.07-10.00-36.25
NNFM43.50-9.940.00-9.94-9.94-9.94-4.40
ACADEMY2.63-9.930.00-9.93-9.9332.1635.57
MERVALUE244.00-9.83-4.10-9.83-10.00455.03605.24
CORNERST2.45-9.69-4.90-9.69-4.5122.6355.33
SKYAVN25.00-8.92-4.00-8.92-8.9217.65-11.60
JBERGER140.00-8.770.00-8.77-17.8942.86225.58

For more detailed analysis, on InfoWARE Market Data Terminal <NSEPERF> <GO>
On InfoWARE Finance Mobile App (Android, iPhone & iPad, Windows Phone and Windows 8/10), "Top Gainers & Losers"


CAVERTON OFFSHORE SUPPORT GRP PLC (CAVERTON) topped the advancers list closing at N2.31 with a gain of 10.00% followed by FBN HOLDINGS PLC (FBNH) which closed at N26.40 with a gain of 10.00%.

On the flip side VETIVA S & P NIGERIA SOVEREIGN BOND ETF (VSPBONDETF) and STANBIC IBTC ETF 30 (STANBICETF30) topped the decliners log with a loss of -24.81% at a close of N203.00, and -10.00% to close the day at N442.26 respectively.

Top Gainers
SymbolLClose%Chg
CAVERTON2.3110.00
FBNH26.4010.00
FLOURMILL49.559.99
RTBRISCOE3.329.93
NESTLE890.009.88
Top Losers
SymbolLClose%Chg
VSPBONDETF203.00-24.81
STANBICETF30442.26-10.00
DAARCOMM0.72-8.86
ETERNA32.15-8.14
UNIVINSURE0.36-7.69

For more detailed analysis,

  • On InfoWARE Market Data Terminal <TOPG> <GO>
  • On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Top Gainers & Losers"


Currency Market
In the currency market, the Naira fell 0.00%(-0.06) against the Dollar to settle at 1 to 1


NSE: Bull Signal - Price crossed above 15 Day MA

This signal implies these stocks are under buying pressure and the price might continue to rise and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the uptrend is market wide, sector wide or specific to the stock. Portfolio managers tend to use this as a signal to do more research to add to their positions or lock in some profits. Typically further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit or entry as necessary

For more detailed analysis,

  • On InfoWARE Market Data Terminal <NSEPERF> <GO>
  • On InfoWARE Finance Mobile App ( Android , iPhone & iPad and Windows 10) , "Top Gainers & Losers"
SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
CWG5.654.425.560.000.002.9614.27B743.23K40.004.22M12-Sep-2024 14:30:15.783
HONYFLOUR4.081.964.0213.020.311.7532.36B711.55K43.002.86M12-Sep-2024 14:30:16.660
AFRIPRUD9.151.649.0614.860.611.6718.30B738.94K54.006.74M12-Sep-2024 14:30:14.800
NGXMERIVAL7,155.730.767,153.7912.1338.380.000.00145.37M2,370.003.37B12-Sep-2024 14:30:31.353
NGXCNSMRGDS1,559.820.551,557.1030.1955.240.000.009.54M859.00693.01M12-Sep-2024 14:30:31.180
GTCO45.650.4445.626.407.105.941,343.53B7.73M421.00354.82M12-Sep-2024 14:30:16.580
VITAFOAM18.500.0018.487.222.568.4323.14B136.64K23.002.48M12-Sep-2024 14:30:21.243


NSE: BEAR Signal - Price crossed below 15 Day MA

This signal implies these stocks are under selling pressure and the price might continue to slide and therefore positions should be monitored closely. Further suggested analysis include looking at the overall market (ASI) to see if the downtrend is market wide, sector wide or specific to the stock. If the overal market trend is upwards, then since these stocks are heading in the opposite direction, then further analysis should be done using commands like PC and RV on the InfoWARE Market Data Terminal. Another command is ALERTS to set price triggers for possible exit is necessar

For more detailed analysis,

SymbolPrice%Chg15DMAPEEPSDivYMktCapVolTradesValueLstTradeTime
NGXLOTUSISLM6,280.59-0.206,280.851,270.9362.770.000.009.29M1,023.001.08B12-Sep-2024 14:30:31.293
WEMABANK6.40-0.786.41162.690.047.7582.29B2.76M79.0017.40M12-Sep-2024 14:30:21.327
ELLAHLAKES3.00-4.333.030.000.000.006.00B5.41M96.0016.42M12-Sep-2024 14:30:48.793
OMATEK0.72-5.560.747.850.100.002.12B952.04K19.00696.76K12-Sep-2024 14:30:18.543
INTBREW4.45-5.624.660.000.005.32119.54B611.59K26.002.77M12-Sep-2024 14:30:16.927
SOVRENINS0.63-6.350.6623.410.034.487.16B10.45M41.006.39M12-Sep-2024 14:30:48.837
VSPBONDETF203.00-33.00206.490.000.00212.003.0057.17K12-Sep-2024 14:30:49.450


Market Trend - ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs Chart

Technical traders typically use the 50 & 200 day moving averages to aid in choosing where to enter or exit a position, which then causes these levels to act as strong support or resistance. As a general guideline, if the price is above a moving average, the trend is up. If the price is below a moving average, the trend is down.
It is important to note that critics of technical analysis say that moving averages act as support and resistance because so many traders use these indicators to inform their trading decisions. Also moving averages tend to work quite well in strong trending conditions but poorly in choppy or ranging conditions.
Trading Strategies: Crossovers
Crossovers are one of the main moving average strategies. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it is a buy signal, as it indicates that the trend is shifting up. This is known as a golden cross. Meanwhile, when the shorter-term MA crosses below the longer-term MA, it is a sell signal, as it indicates that the trend is shifting down. This is known as a dead/death cross

ASI (NGX All-Share-Index) With 50 & 200 Day MAvgs

For more detailed analysis,



Unusual Volume: Volume traded is more than double the 90 day moving average (All exchanges; ASI & ASem). For more detailed analysis,

SymbolNameVolume90DAvgVol%VolChgPriceLClose%ChgTradesValue
ACCESSCORPAccess Holdings PLC80.05M27.93M186.5818.7018.401.634341.48B
CAVERTONCAVERTON OFFSHORE SUPPORT GRP PLC23.73M1.37M1,628.342.312.1010.0025854.40M
SOVRENINSSOVEREIGN TRUST INSURANCE PLC10.45M1.84M469.050.630.67-5.97416.39M
RTBRISCOER T BRISCOE PLC.9.71M3.63M167.743.323.029.9315131.66M
FLOURMILLFLOUR MILLS NIG. PLC.3.28M754.13K334.7149.5545.059.9998153.76M


Investment Insights - High Div. Stocks

Dividend stocks distribute a portion of the company earnings to investors on a regular basis and they can a great choice for investors looking for regular income. As an investment or trading strategy, high dividend yield equities provide annual cash payments as against mostly capital gains in the price of a stock. The list in the table below represent the highest dividend paying stocks from the list of the most liquid stocks in the NSE top 30.

Top 10 high dividend yield stocks

For more detailed analysis,



African Markets
NameLCloseChange%Chg
BRVM Stock Exchange259.07-0.47-0.18
Botswana Stock Exchange9,625.730.000.00
Egyptian Exchange30,485.63382.311.27
Ghana Stock Exchange4,361.4424.290.56
Johannesburg Stock Exchange80,827.81-816.44-1.00
Lusaka Stock Exchange15,745.8186.130.55
Casablanca Stock Exchange13,926.19-23.71-0.17
Malawi Stock Exchange143,383.130.000.00
Nigeria Stock Exchange96,715.04-87.12-0.09
Nairobi Securities Exchange107.070.390.37
Namibian Stock Exchange1,761.30-18.15-1.02
Rwanda Stock Exchange145.470.000.00
Tunis Stock Exchange9,779.714.890.05
Uganda Securities Exchange1,059.390.110.01
Nigeria Market Indexes
SymbolLClose%ChgWTD%MTD%QTD%YTD%MktCapTrades
ASI97,025.170.320.850.24-3.0027.689,447
NGX303,592.740.360.700.07-3.1826.554,756
NGXAFRBVI1,949.260.330.64-2.123.80-5.181,954
NGXAFRHDYI13,128.090.032.240.1822.7577.551,929
NGXASEM1,583.710.000.000.005.26147.6311
NGXBNK876.261.521.651.125.64-2.011,905
NGXCG2,263.161.422.521.591.442.054,686
NGXCNSMRGDS1,559.820.550.64-0.61-1.2738.61859
NGXGROWTH5,511.950.060.19-0.60-1.20-6.1835
NGXINDUSTR3,847.400.000.02-0.24-18.0738.87437
NGXINS405.99-0.41-2.25-2.135.1825.04432
NGXLOTUSISLM6,280.59-0.201.19-0.48-0.1434.261,023
NGXMAINBOARD4,776.190.230.22-0.401.8534.496,964
NGXMERIGRW5,034.550.190.91-1.599.749.441,072
NGXMERIVAL7,155.730.770.46-0.912.7535.462,370
NGXOILGAS1,932.05-0.631.102.0434.1284.56403
NGXPENBRD1,691.330.360.990.22-4.4927.146,978
NGXPENSION3,816.390.761.390.461.7716.295,315
NGXPREMIUM8,825.120.482.041.45-10.5621.812,448
NGXSOVBND647.530.000.220.22-15.47-14.771

For more detailed analysis,

  • On InfoWARE Market Data Terminal <MKTINS> <GO>
  • On InfoWARE Finance Mobile App ( Android, iPhone & iPad and Windows 10) , "Market Indexes"

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